Former City traders’ fraud convictions overturned Legal A group of five former City traders previously convicted of rigging the Libor and Euribor interest rates have had their fraud convictions overturned by the Court of Appeal. The five investment bankers, who previously worked at Barclays, had their convictions quashed having served jailtime for conspiring to rig the now-defunct interest rates in the run-up [...]
‘Last days of the honeymoon’: Anxious bosses prepare charm offensive at Labour conference Politics Ahead of the Labour Party Conference on Sunday, and one month away from the Budget, businesses are feeling nervous, write Mauricio Alencar and Felix Armstrong Stepping onto an early-morning Avanti West Coast train from London Euston is now a familiar feeling for the Prime Minister. Andy Burnham is set to make the journey more regularly [...]
Reform-linked think tank calls for sweeping City deregulation and tax cuts Politics A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate. The Centre for a Better Britain has called for the abolition of capital gains taxes and [...]
City watchdog begins legal action against loan notes firm Hunter Jones September 21, 2026 The City watchdog has begun High Court proceedings against a loan notes firm and its chief executive, according to court filings, amid growing scrutiny of the high-risk instruments and their availability to retail investors. The Financial Conduct Authority (FCA) has initiated proceedings against Osborne Baldwin, which trades as both Hunter Jones and Hunter Jones Group, [...]
Has Reform managed to win over the City? September 5, 2026 Reform UK officials hope that its first-ever Business Day paid dividends at its conference. Maurício Alencar reports on a dramatic 72 hours in Birmingham and asks whether industry chiefs are satisfied with what they’ve heard and seen. Asked for an umbrella phrase to describe Reform’s economic philosophy, policy guru Dr James Orr responded that the [...]
Inside Cheese & Peppers, legendary City sandwich shop of 50 years August 28, 2026 Nominated in the ‘Best Sandwich’ category at the Toast Awards, we go inside City institution Cheese & Peppers The Toast Awards are back this October for a second year running, honouring the bars, green spaces, restaurants and cafes that make the Square Mile an incredible place to live and work. Nominated in the ‘Best Sandwich’ [...]
City institution Simpson’s Tavern reborn as British restaurant August 19, 2026 Simpson’s Tavern, the City’s oldest chophouse which closed in 2022, is to reopen later this year as a modern British restaurant. Cloth Cornhill will open on 1 October on the site of the former pub, which first opened in 1757 and was a favourite drinking haunt of Charles Dickens and William Thackeray. A new era [...]
We take a food and drink Odyssey through the Square Mile August 17, 2026 As voting for the Toast the City Awards enters its final week, we sent our wine columnist Libby Brodie on a wine Odyssey through the City’s finest bars and restaurants. Vote for your favourites on our website here. As The Odyssey continues to smash records – it’s now Christopher Nolan’s highest ever grossing film – [...]
Private equity-backed advisory firm acquires specialist music boutique August 14, 2026 Mid-tier accountancy and advisory firm BKL has snapped up a smaller counterpart in its latest acquisition, aiming to strengthen its focus on the music, media, and entertainment sector in London. City-based BKL, which offers tax, accounting, and business advisory services, has snapped up specialist music accountancy firm Dales Evans, as it “continues to expand its [...]
Exclusive: City giants tighten trans policies August 14, 2026 City firms are being forced to tighten up inclusion policies and prevent transgender staff from using single-sex bathrooms, after the equalities watchdog published fresh directions on enforcing the seismic Supreme Court ruling on gender last year. Square Mile giants including Admiral, Coventry Building Society and Santander have all updated their HR procedures to bar trans [...]